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TOM begins tender offer of 2008 notes
01 May '06
2 min read
Tommy Hilfiger USA Inc (subsidiary of Tommy Hilfiger Corporation (TOM) announced that in connection with its previously announced tender offer.
It also offers consent solicitation for all of its $192,470,000 outstanding principal amount of 6.85percent Notes due 2008 (the "2008 Notes") that it will pay $1,032.86 for each $1,000 principal amount of 2008 Notes validly tendered at or prior to 5:00 p.m., New York City time, on April 27 2006 purchased pursuant to the Offer, plus accrued and unpaid interest up to, but not including, the applicable settlement date for the 2008 Notes.
The total consideration for each $1,000 principal amount of 2008 Notes accepted for payment was determined by reference to a fixed spread of 25 basis points over the yield (as reported by Bloomberg Government Pricing Monitor on "Page PX5" at 2:00 p.m., New York City time, on April 28, 2006) of the 3.25percent US Treasury Note due August 15, 2008.
The total consideration of $1,032.86 per $1,000 principal amount of 2008 Notes includes a consent payment of $20 for holders of 2008 Notes who validly tendered and did not withdraw their notes prior to the 2008 Notes Consent Deadline.
Holders of the 2008 Notes who validly tender their 2008 Notes after the 2008 Notes Consent Deadline, but on or prior to the expiration of the Offer, will be eligible to receive, for each $1,000 principal amount of 2008 Notes, the total consideration less $20.
The Offer is scheduled to expire at 5 p.m. New York City time, on May 9, 2006, unless extended or earlier terminated.
Click here to see more details:
Fragrance and accessories firm TOM offers a broad array of related apparel, accessories, footwear, fragrance, and home furnishings.
It also offers consent solicitation for all of its $192,470,000 outstanding principal amount of 6.85percent Notes due 2008 (the "2008 Notes") that it will pay $1,032.86 for each $1,000 principal amount of 2008 Notes validly tendered at or prior to 5:00 p.m., New York City time, on April 27 2006 purchased pursuant to the Offer, plus accrued and unpaid interest up to, but not including, the applicable settlement date for the 2008 Notes.
The total consideration for each $1,000 principal amount of 2008 Notes accepted for payment was determined by reference to a fixed spread of 25 basis points over the yield (as reported by Bloomberg Government Pricing Monitor on "Page PX5" at 2:00 p.m., New York City time, on April 28, 2006) of the 3.25percent US Treasury Note due August 15, 2008.
The total consideration of $1,032.86 per $1,000 principal amount of 2008 Notes includes a consent payment of $20 for holders of 2008 Notes who validly tendered and did not withdraw their notes prior to the 2008 Notes Consent Deadline.
Holders of the 2008 Notes who validly tender their 2008 Notes after the 2008 Notes Consent Deadline, but on or prior to the expiration of the Offer, will be eligible to receive, for each $1,000 principal amount of 2008 Notes, the total consideration less $20.
The Offer is scheduled to expire at 5 p.m. New York City time, on May 9, 2006, unless extended or earlier terminated.
Click here to see more details:
Fragrance and accessories firm TOM offers a broad array of related apparel, accessories, footwear, fragrance, and home furnishings.
Tommy Hilfiger U.S.A. Inc
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